RAYONIER INC

Ticker: RYN CUSIP: 754907103 Class: COM

CAPSTONE INVESTMENT ADVISORS, LLC's Holding History (CIK: 0001426196)

Note: Option positions (PUT/CALL) are excluded.

Q2 2015
Shares 67,850 Value ($000) $1,733 Avg Close — Range —
Q1 2015
Shares 67,850 Value ($000) $1,828 Avg Close — Range —
Q4 2014
Shares 106,550 Value ($000) $2,974 Avg Close — Range —
Q3 2014
Shares 102,300 Value ($000) $3,182 Avg Close — Range —
Q2 2014
Shares 76,000 Value ($000) $2,701 Avg Close — Range —
Q1 2014
Shares 43,400 Value ($000) $1,991 Avg Close — Range —